When you look at Roubini's background:
After receiving BA in political economics at Bocconi University and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who is now Treasury Secretary.
http://en.wikipedia.org/wiki/Nouriel_Roubini
It is clear to all he comes from a school of economics where the phenomenon of inflation is disregarded most of the time or when it can be denied no more labeled as something positive .
(BTW, I bet that's where he learned to dislike gold
)
For instance he advocated for the FED to double their efforts even after all the TARP's and other measures where taken claiming such a move would have no real inflationary pressures at all.
Quite the controversial point of view I would say but then again what do I know.
After receiving BA in political economics at Bocconi University and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who is now Treasury Secretary.
http://en.wikipedia.org/wiki/Nouriel_Roubini
It is clear to all he comes from a school of economics where the phenomenon of inflation is disregarded most of the time or when it can be denied no more labeled as something positive .
(BTW, I bet that's where he learned to dislike gold
)For instance he advocated for the FED to double their efforts even after all the TARP's and other measures where taken claiming such a move would have no real inflationary pressures at all.
Quite the controversial point of view I would say but then again what do I know.
